Branch Banking and Trust Company, through its subsidiaries, provides consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. The company offers personal products, such as checking accounts, check cards, prepaid debit cards, gift cards, credit cards, savings accounts, and certificates of deposit; retirement and investment services; home mortgages, home equity loans, and personal loans; property, vehicle, life, health, and accident insurance services; and online banking, mobile banking, online investing, online tax payment, and email encryption services. It also provides business banking services, which comprise business checking accounts, money market accounts, cards, certificates of deposit, and merchant services; small business and commercial lending, and dealer financial services; cash management services; capital market, employer, specialized, workplace retirement, flexible benefits plan, and international services; business, risk management, and employee benefits services; and online and mobile banking, online trading, and online tax payment services. In addition, Branch Banking and Trust Company offers wealth management services, such as advisory, retirement and planning, and investing services. The company was formerly known as Branch Banking and Company and changed its name to Branch Banking and Trust Company in 1913. Branch Banking and Trust Company was founded in 1872 and is based in Winston-Salem, North Carolina. The company has financial centers in North Carolina, South Carolina, Virginia, West Virginia, Kentucky, Georgia, Tennessee, Maryland, Florida, Alabama, Indiana, Texas, and Washington, District of Columbia. Branch Banking and Trust Company operates as a subsidiary of BB&T Corporation.

Branch Banking and Trust Company Key Developments

Branch Banking and Trust Company Names Ricky K Brown as President

Sep 2 14

BB&T Corporation has named Ricky K Brown as president of its Branch Banking and Trust Co Inc. unit. Brown succeeds Rob Greene, who had been president since the BB&T merger of equals with Southern National in 1995 and recently retired. He was named to BB&T's executive team in 2004. Since that time he has served as president, Community Banking, BB&T Corp. and will continue in this role.

BB&T Bank Announces to Close its Roanoke Call Center Next Summer

Feb 8 14

BB&T bank announced that it will close its Roanoke call center next summer, affecting about 140 employees. The bank said it will make every effort to place the affected employees in other positions at bank. Severance packages and job counseling services will be offered to employees who are still working at the center on Coulter Drive near the Roanoke Blacksburg Regional Airport when it closes in the summer of 2015.

The Fifth District Court of Appeal Rules in Favor of Consolidated-Tomoka Land Co

Oct 29 13

On October 29, 2013, the Fifth District Court of Appeal ruled in favor of Consolidated-Tomoka Land Co., in the appeal entitled Branch Banking and Trust Company v. Consolidated-Tomoka Land Co., Case No. 5D12-3323, Fifth District Court of Appeal for the State of Florida. The Court affirmed a final judgment in favor of Consolidated Tomoka which held that the company's lien of approximately $3.8 million (plus interest) against an approximately 600 acre parcel of residential land (lying west of I-95 near the LPGA International development and adjacent to Bayberry Colony) is superior to the mortgage of BB&T. Presently, the judgment has accrued to over $4.6 million, including interest. This decision is subject to possible motion for a rehearing by BB&T.

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